Hope Springs Eternal: Longs outnumbered Shorts for the first 9 months of Bear Market. The bottom arrives in Dec and traders don't believe it so Shorts actually shoot above Longs. Bull Market Begins March/April and Traders refuse to believe it again, so they pile in Short. 5 Months after our local high, Longs still outnumber Shorts. My plan is to short all the way until the Twitter Liquidation Bots Accounts keep painting people getting rekt and we see links in the chat, on reddit and /biz/ of longs getting BTFO. And not just once, I think we'll have 2 major long squeeze events.
Comment:
Longs still have not been blown out, and none of my targets have been reached. Price keeps bleeding and bleeding. News is that Miners are selling reserve coins to fund their business, but I don't have any visibility to that.
